Ratio of Earnings to Fixed Charges | Twelve Months Ended December 31, | |||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
(dollar amounts in millions) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 1,394 | $ | 920 | $ | 914 | $ | 853 | $ | 869 | ||||||||||
Add: Fixed charges, excluding interest on deposits | 275 | 181 | 100 | 71 | 57 | |||||||||||||||
Earnings available for fixed charges, excluding interest on deposits | 1,669 | 1,101 | 1,014 | 924 | 926 | |||||||||||||||
Add: Interest on deposits | 180 | 102 | 82 | 86 | 116 | |||||||||||||||
Earnings available for fixed charges, including interest on deposits | $ | 1,849 | $ | 1,203 | $ | 1,096 | $ | 1,010 | $ | 1,042 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense, excluding interest on deposits | $ | 251 | $ | 161 | $ | 82 | $ | 53 | $ | 40 | ||||||||||
Interest factor in net rental expense | 24 | 20 | 18 | 18 | 17 | |||||||||||||||
Total fixed charges, excluding interest on deposits | 275 | 181 | 100 | 71 | 57 | |||||||||||||||
Add: Interest on deposits | 180 | 102 | 82 | 86 | 116 | |||||||||||||||
Total fixed charges, including interest on deposits | $ | 455 | $ | 283 | $ | 182 | $ | 157 | $ | 173 | ||||||||||
Ratio of Earnings to Fixed Charges | ||||||||||||||||||||
Excluding interest on deposits | 6.07 | X | 6.07 | X | 10.17 | X | 13.07 | X | 16.23 | X | ||||||||||
Including interest on deposits | 4.06 | X | 4.25 | X | 6.03 | X | 6.43 | X | 6.01 | X | ||||||||||